Appointments to the Dexia Group Management Board

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Brussels, Paris, June 16, 2008 (1 page) – At the meeting of the Board of Directors to be held on July 3 next, proposals will be made by the Management Board, subject to approval by the supervisory authorities:

- to appoint Alain Delouis as member of the Management Board, responsible for Public/Project Finance and Credit Enhancement, with immediate effect, to replace Bruno Deletré, who leaves the Group,

- to appoint Benoît Debroise to replace Alain Delouis as member of the Management Board responsible for Treasury and Financial Markets, with immediate effect,

- to appoint Véronique Thirion, Head of Human Resources, as associate member of the Management Board, with immediate effect.

Alain Delouis, 47, has been a member of the Dexia Management Board since January 2007, responsible for Treasury and Financial Markets for the Group. A former student of the Ecole Polytechnique, Civil Engineer (“Ponts et Chaussées) and Graduate of the Institut Supérieur des Affaires, Alain Delouis began his career in 1987 as Representative of the Prefect of the Bourgogne Region, and then spent two years as Technical Adviser to the Office of the Minister of Industry and Town and Country Planning. Alain Delouis joined Crédit local de France in 1991. He was Regional Director, Network and Commercial Director, Commitments Director and Internal Audit Director. When Dexia was created, he established the Group's Risk Management Department, and then returned to Dexia Crédit Local de France as a member of the Executive Committee, responsible for the Financial Markets Department. In 2002, he was appointed Group General Auditor, and in March 2004 Deputy Managing Director of “Treasury and Financial Markets”.

Benoit Debroise, 48, is a member of the Management Board of Dexia Bank Belgium, responsible for Treasury and Financial Markets. He has a Doctorate in Finance from the University of Paris Sorbonne, and began his career as Representative of the Central Bank of the Comoros. In 1986 he joined the BNP group, where he occupied various posts in the dealing rooms in London and Paris in the activities of trading, origination, ALM, portfolio management and long-term finance. Benoit Debroise joined Dexia in 1996 dealing with portfolio activities for Dexia Luxembourg. From 2000, he was responsible for coordination of Group portfolio teams in the different entities and then for centralisation and direction of the management of the Credit Spread Portfolio in Ireland. Since 2007 Benoit Debroise has been a member of the Management Board of Dexia Bank Belgium responsible for market activities and a member of the Executive Committee for Treasury and Financial Markets.

Véronique Thirion, 44, has been Head of Human Resources for the Dexia Group since April 2008. A graduate in Law from the University of Liège, she began her career in 1986 as Assistant Researcher in that institution, before becoming an External Auditor in 1988 with Deloitte, Haskins & Sells. She was then Inspector of Prudential Supervision of Credit Establishments with the Banking, Finance and Insurance Commission for nine years. In 2001 she joined the Dexia Group, as Deputy General Auditor, and then in 2004 she was appointed Group General Auditor.

Dexia (www.dexia.com) is a European bank and the world leader in local public finance. Dexia is one of the top fifteen banking groups in the euro zone with a stock market capitalization of EUR 20.3 billion and 35,200 employees in 37 countries as of December 31, 2007. Dexia has one of the highest credit ratings in the banking industry. Dexia's development strategy is based on two pillars: its Universal Banking business in Europe (Belgium, Luxembourg, Slovakia and Turkey), and world leadership in Public/Project Finance.